NonprofitsMississippi Economic Resource Trust

Private Grantmaking Foundations

Mississippi Economic Resource Trust

NEW ORLEANS, LA

Total revenue

$506K

Total expenses

$365K

Net assets

$13.1M

Grants received

EIN

646193927

Tax year

2024

Mission

Mississippi power company, a mississippi corporation, determined that there is a need to encourage economic growth and investment in their service area and within the state of mississippi.the purpose of this trust is to (1) provide funds to improve the economic growth and development of business and industry in ms through funding a seed capital corporation or similar entity.(2) the trust will provide the department of economic development of the state of ms with funds for a resource presentation center.(3) the trust encourages private industry to contribute, invest, and participate in the economic development in the state of ms in the spirit of the economic development reform act.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue
Investment income$506K
Other revenue
Total revenue$506K

Expenses

Grants paid$305K
Salaries & benefits$26K
Fundraising
Other expenses$34K
Total expenses$365K
Total assets$13.1M
Net assets$13.1M

People

1 listed

NameRoleCompensation

HANCOCK WHITNEY BANK

TRUSTEE

Board

$26K

Details

EIN646193927
NTEE codeT20I
Subsection06
Ruling date1997-03
Formed2009
Employees0
MISSISSIPPI ECONOMIC RESOURCE TRUST — Mission, Financials & Grants Received | Grantivo